Lightspeed raises $7bn to invest in early, growth-stage global startups

Venture capital firm Lightspeed announced raising over $7 billion in various funds that will invest in early and growth stage entrepreneurs around the globe.

The firm said it has closed Lightspeed Venture Partners XIV-A/B LP (Fund XIV) with $1.98 billion, Lightspeed Venture Partners Select V LP (Select Fund V) with $2.26 billion, and Lightspeed Opportunity Fund II LP (Opportunity Fund I”) with $2.36 billion of committed capital.

Separately, Lightspeed India Partners also announced the closing of a $500 million early-stage fund (LSIP Fund IV).

Lightspeed’s global and multi-stage strategy supports exceptional entrepreneurs across sectors, in any geography, and at any point in their entrepreneurial journey across twelve global offices and in six countries.

Since Lightspeed’s founding, the firm has partnered with more than 500 enterprise, consumer, health and fintech founders and their companies. Roughly a fourth of those companies have either been acquired or gone public, with 33 IPOs over the years.

The latest funding, approximately 60% more than Lightspeed’s last flagship fundraise, focuses on expanding the firm’s early stage vehicles and supporting its large and growing global platform.

Lightspeed Venture Partners XIV-A/B LP is designed to support founders in their earliest stages of company development in the firm’s long-standing Enterprise, Consumer, Health and Fintech practices.

Lightspeed Venture Partners Select V LP accelerates existing Lightspeed portfolio companies and new investments across our global platform led by the Lightspeed Growth Team. Select V cements Lightspeed’s ability to back exceptional founders and outperforming companies and increases Lightspeed’s exposure to companies as they scale and enter the growth phase.

The Lightspeed Opportunity Fund II LP is a platform to back breakout companies from across all of the global territories where the firm operates. It is more evident than ever that entrepreneurship is global, and for over a decade, the VC firm has worked with some of the most experienced partners in China, India, Israel, Europe and Southeast Asia.